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20121027
20121104
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Search Results 0 to 28 of about 29 (some duplicates have been removed)
, and president bush cut taxes and we went from having a surplus to having a deficit. so i think there's -- i mean if you look at the tax policy center they basically said it's very hard to see evidence of exactly how raising taxes figures into all of this. >> several things. i was talking about president bush 41 in 1990 when they raised taxes, and it was supposed to help us reduce the deficit, in fact, congress just spent all the money that came in. when poll significances raise taxes, whether it's in california, we've seen the devastation there. illinois, we've seen the damage to that economy, maryland. when politicians raise taxes instead of cutting spending, you have lousy economic growth. those states, and you can compare either the reagan recovery, lower taxes, spending restraints, less regulation versus the very weak obama economy, wore where he did all the opposite things of reagan and got everything that an economist would tell you gets bad in an economy. let's compare state by state. california versus texas. illinois versus florida. you cut taxes you get more growth. you raise taxes you
. it relates to debt and deficits which and that is if you're an sbe preneurothinking of risking your live ever life savings to start a business or build a factry, if you think america is on the road to greece or italy or spain, you're less likely to invest in america. and right now we spend a trillion more than we take in. it's bad for the economy. . i think it's immoral for us to pass on debt like that to our kids and i will get america on track to a balanced budget. [applause] and number five, is to be a champion of small business, help small business grow and thrive. by the way, i didn't study small business alone. i've lived small business. i know how business works and i want to use that experience and that skill to help small businesses across the country. and there are a lot of ways to do that. let me mention just a couple. one relates to our taxes. do you realize that the taxes paid by a small business in america can be as high as 35%, that's the income tax and then if you add other taxes t payroll tax, the state income tax if you have one, real estate tax, sales tax, well you can find
. what he is doing on day one is adding to the deficit. >> could be but let's go back to 1980 and ronald reagan. changed tax policy, a similar situation to now. i don't know many people who trust washington to have any more money to spend. >> i think reagan is a great example. he did cut taxes and we had exploiting deficits in 1980s. >> then he raised them. >> then he raised them. we do also have another example from the 1990s, which is president clinton, who had a balanced budget. he asked the wealthy to pay more. the rates went up to 39.6. we had eight years of very strong growth. >> including surplus. >> i'm not saying the taxes cause that but we know that having higher taxes on wealthy americans didn't lead to a recession as republicans have argued. that's what's really daunting about the whole discussion about taxes. the fact that we have no real idea what mitt romney will do on taxes as president other than if we take him at his word, it does mean that middle class americans will pay more in taxes. either he is not being honest with us or middle class americans will see a tax incre
on november 6. when barack obama ran for president he said we will cut the deficit in half. the deficit is now $1 trillion this year. he has added 50% to our debt to the point that it has gone to $16 trillion. it does not -- does that is working to you? and when he pushed to the health care bill through, he said, if you pass this legislation, we will reduce health-care costs. the reduction will be about $2,500. it actually has increased costs by about $2,500. does this sound like it is working? we are in the right place. and then the stimulus package, when he said i want a trillion dollars of your money, he took our money plus the bar a bunch from china. he said let's put a trillion dollars and see what happens. he says today unemployment would be 15% lower than it is. that is 9 million jobs short. does this sound like it's working? it is not. what is even more discouraging is looking at what he wants to do over the next four years. it is more of the same. there are some exceptions. he has protected and our jobs and ensure we have the military second to none to keep the peace. i get to work wi
trillion in debt and trillion-dollar deficits every year, that's a chill on growth. tax policy has been complete uncertainty on his part, monetary policy you might argue that what chairman bernanke has done, you might argue that has helped growth at the margin or preserved jobs at margin at the risk of inflation. >> in a perfect world what do you think we could have been at? >> normalized i think a normal recovery, maybe if there's truth to what paul krugman talks about, maybe it's not 8% but it's 6%, 7%. you need 200 to 300,000 jobs a month to create the kind of jobs, 12 million jobs that mitt romney is talking about and that's, should be relatively easily doable. >> 2011 was slower than 2010 and 2012 will be slower than 2011, and we're starting at what just over 2%. i think it's horrible. i was trying with him but he just, i give up. there was five points he just gave me. he's right. you have to take the ball because i've thrown everything in a handout. he totally convinced me. i'm not even arguing. >> you were on the other side of this before. >> initially when i was trying to nail h
for romney's deficit on the campaign level, and i don't think that's true. i think they're on a par or maybe even more of an advantage for democrats, when you count those outside groups. >> host: the caller also mentioned the electoral college, and because the swing states, florida, ohio, pennsylvania, virginia, nevada, some of these, have more electoral college votes than some of the other smaller states, and that the candidates are spending more time in these particular states, do you see a smaller hora -- or a larger ground game in states that don't get visited, state like washington, hawaii, california, new york, i mean, those -- texas, those states are already in one column, or their electoral college votes are so small, do you see a bigger ground game effort to make up for the fact that the candidate just isn't going to come there? >> no, your see almost no ground game in states that are not swing states. now, there are some swing states that are quite small, in terms of electoral votes and physical size, like new hampshire, iowa, nevada, both have only six electoral votes, but in the
, record deficits, and the worst economic crisis since the great depression. wt governor romney's offering is a return to picies that have failed us in the past. he's now talking about them as "big changes." they're a repeat... a relapse of things that haven't worked for american families for over a decade now. >> brown: with both sides promising to revitalize the economy, there's one more important report yet to come: the jobs numbers for october will be released next friday, just four days before voters head to the polls. earlier today, i talked about the new government economic report with hugh johnson, head of an investment and advisory firm in albany, new york. hugh, welcome. first the good news, where is the growth coming from? >> well, you know, there are a lot of places. but i think probably the best news is that, you know, consumer spending is about 70% of our economy. we saw that strengthen in the third quarter. that's very good news. i think there are a couple of really-- parts of that first of all residential real estate or housing, we know the numbers have been getting better.
this stuff. >> when you break down governor romney's approach, it won't add jobs. it won't reduce our deficit. and so there's just not much there. >> and the television ads are now powering out fast and furious. there's a new ad starring jay-z. >> for so long there was a voice that was silenced out there, as far as exercising the right to vote. i think it was a voice that was silent because people had lost hope. they didn't believe their voice mattered or counted. at the end of the day it never trickled down to where we lived. now people are exercising their right and you're starting to see the power of our vote. it means something for the first time for a lot of people, having someone in office who understands how powerful our voice can be is very important. >> krystal, obviously not a policy persuasion ad, a turnout ad. >> a turnout ad, an inspiration ad. it looks like those efforts are working. if you look at georgia, obviously not a swing or battleground state. african-american turnout is on pace to be at record historical levels, higher even than 2008. so it looks like these efforts to r
in the deficit. he's not. he tried to veto many of those bills. he could not because the democrats controlled congress, and so he was forced, willy-nilly, if you're going to have a budget at all--and mr. clinton is going to discover this--you just have to go along, in the end, with congress. and he did not bankrupt the country. he did--he tried to control spending. he was just in too weak a position to do so. c-span: so you just wash your hands of any of the problems today that were brought about by supply-side economics. >> guest: well, the problems ex--they weren't brought about by supply-side economics. they were brought about, i would say, by irresponsible congressional expenditures. but it doesn't matter. the problems are real. i mean, they're with us. i mean, medicare, medicaid, things that originally were thought to involve the expenditure of perhaps a few billion dollars suddenly are s--going at the rate of tens of billions of dollars, which no one really anticipated, but which a thoughtful person might have-not anticipated, but say at some point, 'we have to take another look and che
-0 deficit and history would have to be made if the tigers want to win a championship. dave briggs is live at comerica park with a look back. is that the game ball. >> here is the thing, desperate times call for desperate measures and the tigers are turning to me to pitch game four. >> oh, no! >> i'm on the mound. >> hang on, is hell freezing over? >> i'm just getting loose and going to make the start instead of max sherzer in game four, this series is all, but over, now the tigers are the first team since 1966 to go down shut out twice in a row in the world series, the orioles shut out the dodgers back-to-back games in '66. let's show what you happened last night. top two, really all the offense. this san francisco giants team would need. and it came here, a triple from gregger blanco and he might be the mvp in the series, terrific in left field and comes through with another clutch hit there and 1-zip giants. later on in the inning, blanco would trot home on a crawford single and go up two. that ball misplayed like so many others for the tigers team through this three game series. the bi
's been most partisan in dividing and attacking. he also said he'd cut the deficit in half. he doubled it. he was going to get unemployment down to 5.2% right now. we just learned on friday it's up to 7.9%. that means 9 million more americans don't have work than what he promised. he also said he was going to cut your health insurance premiums by $2,500 a year. anybody seen that happen to them lately? no. actually for the average american it's gone up by $3,000 a year. and then of course he said he was going to save social security and medicare. came out with no plan to do either one of those things. in fact, he took $716 billion out of medicare to pay for his vaunted obama care. he said he was going to work across the aisle. he was going to work with republicans or democrats to get things done. interesting. you know, do you know how long it's been since he has spoken with either the senate -- the republican leader in the senate or the republican leader in the house? about either of the economy or the deficit or sequestration or jobs? it's been since july. i don't call that working across
dollar deficit? do you think that we should have four more years with obamacare? how about more years in gridlock in washington dc? martha: you are not going to hear a lot of that from either side today. there is so much focus on this hurricane. i am joined by brit hume, fox news political analyst. you know, you think about this. each team, hunkering down, deciding what their best posture is and what they can do to be in the best position to help. also, not to hinder any of what is going on with this hurricane. what is the impact here?>> thert the impact will be until we see where the storm goes. and what it takes down with it in its path. i do not think that the way that the two men -- the two candidates, the way they conduct selves and the candidate -- everyone will cancel events. i can't help but laugh at the president who says that he's going to cut the red tape and get everything everybody needs. nonetheless, there it is. cutting through the red tape, not worrying about the rules. trying to get, you know, out there. whatever is needed. i think the political effect of the storm is
the deficit by so much, we're now $16 trillion in the hole, there were all these shovel-ready jobs that didn't happen, and do you feel like it was worth it, is the economy roaring? no. so i think economists will look, there's the keynesian approach where we're borrowing a ton of money from china, we're spending all this money to try to get the government to create demand. i think if you look at the experiment, it did not work. megyn: all right, panel, thank you all so much. >> thank you. megyn: well, residents and city officials getting a first look at the storm damage in one new jersey town. we will show you the latest pictures from long beach island that will shock you, next. i'm a conservative investor. i invest in what i know. i turned 65 last week. i'm getting married. planning a life. there are risks, sure. but, there's no reward without it. i want to be prepared for the long haul. i see a world bursting with opportunities. india, china, brazil, ishares, small-caps, large-caps, ishares. industrials. low cost. every dollar counts. ishares. income. dividends. bonds. i like bonds. ishares
group that opposed him. he also promised that he would cut the deficit in half. instead he doubled it. and you know, i know he says he wants to do something to help the budget. but i've learned that in order to balance the budget it starts -- it helps to have actually had a budget. to start with a budget. [ cheers ] >> you can't balance a budget unless you start with one. and he actually -- he actually put out a proposal this last year for the house and the senate to look at. now, there are 535 members of the house and senate combined. do you know how many people voted for his budget? zero. no one voted for his budget. paul ryan and i are going to get america on track to have a balanced budget. [ cheers ] >> he took on during his campaign another big promise. he said he would save medicare. he'd preserve it and protect it and save it from pending insolvency. what did he do instead? he cut medicare by $716 billion. [ audience boos ] >> he said he was going to have unemployment today down to 5.4%. we're 9 million jobs short of that. and he has no plan to get this economy going again to
be doing when you're running deficits. it's clear they're trying to get a little protection to him. i think it's wrong. >> it's lame. there are better things we could be doing with our time than writing these things. harold, stay with us. >>> still ahead -- what? what? it's wrong. >> i'm not going to say anything. >> no, you're not. >> you yelled at me yesterday. >> mika, you're incorrigible. >> really? i'm incorrigible. really? >> incorrigible, you are. >> david axelrod, tom brokaw all ahead on "morning joe." ♪ [ male announcer ] it's time for medicare open enrollment. are you ready? time to compare plans and see what's new. you don't have to make changes, but it's good to look. maybe you can find better coverage, save money, or both. and check out the preventive benefits you get after the health care law. ♪ medicare open enrollment. now's the time. visit medicare.gov or call 1-800-medicare. ♪ >>> look who's here, mika. >> it's coming. it's coming. tom brokaw joins the table when "morning joe" continues. ♪ ♪ ♪ hi dad. many years from now, when the subaru is theirs... hey. you m
Search Results 0 to 28 of about 29 (some duplicates have been removed)